Some news on SNPD
Market Gainer Issues Profile for Snap N' Sold Corporation
Oct 14, 2005 (M2 PRESSWIRE via COMTEX) -- MarketGainer.com strives to find dynamic issues that are unknown but because of their technology, approach, executive team, recent discoveries or other key factors, could advance in the market.
Snap N' Sold is surging forward today up almost 18% on just under 400 000 shares traded. On Tuesday of this week, shre price for the company started to fall from a value of approximately $.10 down to where it was postioned at $.05 by the end of the market on Thursday. Investors are finding their way back to the company's stock today and subsequentily the share price has risen to $.06 for the time being. The up and down week that Snap N' Sold has had in the market this week is a result of Tuesday's announcment by the company that they released recent sales activity for its HotAutoWeb strategic business unit. The Snap N' Sold subsidiary has pending and closed sales in excess of $436 000 over the past ten days. The closed sales included a 1963 Porsche 356B, a 2002 Harley Davidson Road King, 2003 Harley Davidson Road King, and a 2003 'Big Dog' Chopper. In addition, the company has pending sales over the stated period including a North American T-28 S exhibition aircraft, a L-29 Delphin Aero-Vodochody exhibition jet aircraft, a 1929 Ford Tudor Show Rod, and a 1997 Harley Davidson Road King.
Just last week the company announced that it had signed an ongoing consignment partnership with Best Vehicle Auto Sales of Tarpon Springs, FL to sell that company's vehicle inventory on eBay motors. Investors are seeing first hand what this partnership can do for both companies in regards to the sale of these high-end motor vehicles.
Although the share price for Snap N' Sold did take a bit of slide down upon the release of the company's announcement on Tuesday, the market is readjusting itself as investors react in a different manner today to the positive sales news.
Market Gainer will be in the right position to continue monitoring this hidden gem as it begins to realize the potential of the partnership with Best Vehicle Auto Sales. HotAuto Web could become a potentially lucrative business for Snap N' Sold over the coming months.
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